Approach to setting numerical targets for CO₂ emissions intensity

CO₂ emissions originating in the business activities of tenants within the buildings account for approximately 85% of the CO₂ emissions in MFLP-REIT's portfolio as a whole in 2020.

MFLP-REIT aims to reduce not only the portion of CO₂ emitted in ownermanaged portion (Scope 1 and 2) but also in the tenant-managed portion (Scope 3), aiming for reducing total CO₂ emissions for the whole building.

Going forward, it is conceivable that CO₂ emissions from tenant business activities could increase due to additional installation of air conditioning systems to improve working environments and the introduction of automation equipment. However, to realize CO₂ emissions reductions across the portfolio, it is essential to take various measures in cooperation with tenants, and MFLP-REIT will make arrangements for tenants to be able to stably procure green electricity.

How CO₂ emissions intensity can be reduced

Means of reduction

• Various energy-saving measures
• Installation of additional photovoltaic generation facilities and private consumption and consignment of electricity
• Purchase of green electricity (owner and tenant)

..., etc.

• *1 It is assumed that the business-as-usual scenarios for intensity levels in 2030 will have roughly the same conditions as in 2021.
• *2 “Various energy-saving measures” means reductions from the shift to LED lighting, controlled illumination, upgrades to air conditioning systems, and other operational improvements.
• *3 “Post-FIT solar power” means the reduction that would be achieved if all currently sold renewable energy generated by solar power generation were consumed in-house.
• *4 The reductions shown above do not incorporate an increase in electricity consumption driven by the installment of new air-conditioning systems and introduction of automated facilities at the request of tenants.